I couldn't agree more!
Although I would add that all borrowers should consider making appropriate provision for decision making in mental incapacity, which can strike at any time and at any age, on a temporary or permanent basis.
Why leave it to chance?
“We would recommend that most people have the security of a Lasting Power of Protection in place, but particularly those who borrow at an older age. “There is still a general lack of awareness of LPAs and why you might need one. It is far easier than most people realise to have an LPA drafted by a solicitor and put in place and it is especially important for protecting your assets.”